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BP’s profits drop over $1bln in second quarter [1]

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RT.com
Published: 31 July, 2012, 13:28

Britain’s energy giant BP has reported a profit slide as it struggles with compensation for the US spill disaster and legal battles in Russia.

­The company said its net loss fell to $1.4 billion in second quarter of 2012 compared to the $5.6 billion profit last year.BP blamed the slide on the write-downs on US assets and on weaker oil and US gas prices.

To read the rest of this story, visit RT.com. [2]

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[1] //soundofheart.org/galacticfreepress/content/bp%E2%80%99s-profits-drop-over-1bln-second-quarter
[2] http://rt.com/business/news/second-quarter-bp-us-472/
[3] //soundofheart.org/galacticfreepress/type-post/galactic-free-press/freedom-project